Taiwan’s Foxconn, one of Apple’s largest suppliers, is being investigated by authorities in China, according to state media.
The probe comes weeks after founder Terry Gou announced his bid for Taiwan’s presidency and stressed that he won’t be pressured by Beijing, despite his extensive business operations in the country. While it is unclear whether the investigations are connected to Gou’s entrance into the presidential race, analysts said the move will send jitters through foreign businesses in China.
When asked by reporters how he plans to deal with pressure from Beijing given his many years of doing business in China, Gou said that he won’t “comply with its orders.” “If the Chinese Communist regime says, if you don’t listen to me, we will confiscate Hon Hai ’s property. I will say ‘yes, please do it,” Gou said, according to a video of his press conference in Taipei. But he added that he didn’t think Beijing would threaten Foxconn, as global implications will be huge.
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